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We are Henning Harders (Australia) Pty Ltd, an independent, family owned freight forwarding agent and licensed customs broker.
Wherever you produce, buy or sell your goods – we can help your business thrive by ensuring your cargo gets to its destination reliably and in the most efficient manner.
Home / Global logistics / Logistics Tools / Incoterms 2020
Incoterms® 2020 are pre-defined commercial terms by the International Chamber of Commerce (ICC). They are widely used in international commercial transactions or procurement processes. Incoterms® are the rules that define responsibilities of buyers and sellers in international trade. They provide guidance for determining how costs and risks are allocated to the parties. Incoterms® rules are regularly incorporated into contracts for the sale of goods worldwide and have become part of the daily language of trade.
The latest version, Incoterms® 2020 takes into account latest developments in commercial practice and will come into effect on 01.01.2020.
EXW | Ex Works |
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FCA | Free Carrier |
CPT | Carriage Paid To |
CIP | Carriage and Insurance Paid To |
DAP | Delivered at Place |
DPU | Delivered at Place Unloaded |
DDP | Delivered Duty Paid |
FAS | Free Alongside Ship |
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FOB | Free on Board |
CFR | Cost and Freight |
CIF | Cost, Insurance, and Freight |